Taxes, Real Property - As enacted, revises standards for the length of the redemption period for a property subject to a tax sale based on whether the period of delinquency is three years or less or is more than three years. - Amends TCA Section 67-5-2701.

SB 1983 amends Tennessee law (TCA Section 67-5-2701) to change the redemption period for properties sold due to unpaid property taxes. It sets a one-year redemption period for properties with three years or less of tax delinquency, and a 90-day period for properties with more than three years of delinquency. This directly affects property owners who miss tax payments and face tax sales, giving them different timeframes to reclaim their property after a sale. The change takes effect July 1, 2026, applying to tax sale confirmations on or after that date.